Business News

Reliance Communications tower arm in advanced talks for infrastructure sharing deal: Executive

 Reliance Communications Ltd's telecommunications tower arm is in "advanced" stages of discussions with three carriers for "a large" infrastructure sharing deal, a senior company executive told analysts on a conference call.

Mobile phone carrier Reliance Communications Ltd's telecommunications tower arm is in "advanced" stages of discussions with three carriers for "a large" infrastructure sharing deal, a senior company executive told analysts on a conference call.

Gurdeep Singh, chief executive of Reliance Communications' wireless business, did not give any further detail.

Singh said it was "premature" to comment on contours of any potential deal, when asked if the company was open to lease out its towers to Reliance Industries Ltd at a discount to market price.

Reliance Industries, controlled by Mukesh Ambani, holds 4G permits for all of India, and has long been expected to take Reliance Communications towers on rent to roll out high-speed Internet services.

Management Guru

USE THE INTUITIVE POWERS OF BODY AND MIND

BIMOL RAKSHIT

Head of the Indian chapter of the Silva Method of Mind Control, Bimol Rakshit believes that this method is an excellent adjunct to holistic growth of the human personality. Jose Silva who created this method said: ''It is an activation of the right hemisphere of the brain that controls creativity and intuition while at the alpha level (the subconscious level).''

Rakshit cautions those who practice the method and get good results to continue it. It is not a quick-fix method; people cannot adopt it for a short while and expect long term gains. ''The Silva Method is very effective, because through it, we learn to use the intuitive powers of the body and mind. My participants learn to use telepathy, clairvoyance and creative visualization.

Finance Glossary

ADX (Average Directional Index): Standard technical indicator that measures the strength of a trend.

Carry Trade: In Forex, holding a position with a positive overnight interest return in hope of gaining profits, without closing the position, just for the central banks interest rates difference.

Gap: A difference between the previous period's close price and the next period's open price. In Forex usually only occurs during weekends — between the Friday's close and the Monday's open price.

Jobber: A slang word for a trader which is aimed toward fast but small and short-term profit from an intra-day trading. Jobber rarely leaves open positions overnight.

Article

FAILURE DOES NOT MEAN THE END OF LIFE

As I write this article, certain important questions crop up in my mind -

• Who is responsible for turning a man into failure, others or  he himself?
• If one does not utilize the given opportunity, who is to be blamed, others or he himself?
• If one is leading an ordinary life despite being capable of carving an  extraordinary eventful life, who should be blamed, others or he himself ?
• Someone who does work half-heartedly and then he meets depression at the end, who  is responsible, others or he himself ?
• If one is a die-hard pessimist and terribly unenthusiastic towards life, who is to be   blamed, others or he himself ?
• Someone who is complacent and blames the whole thing on destiny, thereby ruining this precious life, who is to be blamed, others or he himself ?

It is my firm conviction that no other man can cheat you the way you cheat your own self  No one else is responsible for your failure except you yourself !

After facing few debacles and failures, one falls victim to inferiority complex and turns into a coward. He is unable to see that success and failure are the two sides of the same coin. And also that they are an inseparable part of  human life. He can’t even find the causes which bring his downfall so he brands himself as a loser. He starts believing that he was born to be a loser and that others are much better than him.

Friends,  I do not intend to delve deep into the reasons for mishaps and failures. I just want to tell you that despite everything that happened to you, however much an undesirable life was meted out to you, your world has not come to a dead end, a stop. Your value as a human being is still intact and unsevered. Nobody has the right to dump you as a piece of junk, nobody at all.

Thought for the Day

"I am so clever that sometimes I don't understand a single word of what I am saying."

The truths of life are simple. The reasons why are frequently complex, a combination of many factors and logic, that can easily become misdirected, conflicting and and confusing, even within our own minds. And yet despite this, truth can often be intuitively discerned. This is universal truth that we can all access if we are in touch with our inner nature.

Marketing Glossary

Dogs

A term used in the Boston Group Matrix. Unsurprisingly, the term "dogs" refers to businesses or products that have low relative share in unattractive, low-growth markets. Dogs may generate enough cash to break-even, but they are rarely, if ever, worth investing in. Early adopters People who choose new products carefully and are often consulted by people from the remaining adopter categories Early majority People who adopt products just prior to the average person

E-commerce

The use of technologies such as the Internet, electronic data exchange and industry extranets to streamline business transactions

Endorsement

The promotion of some kind of product recommendation or affirmation, usually from a celebrity, implying to the potential customer that a product is good

Expansionistic pricing

Expansionistic pricing is a more exaggerated form of penetration pricing
and involves setting very low prices aimed at establishing mass markets, possibly at the expense of other suppliers. Under this strategy, the product enjoys a high price elasticity of demand so that the adoption of a low price leads to significant increases in sales volumes

Thought for the day

"Wake at dawn with a winged heart and give thanks for another day of loving."

The opening of our hearts is the greatest hope for the evolution of Mankind as we move into critical times.

Marketing Glossary

Cross-selling Using a customer’s buying history to select them for related offers, e.g. a car alarm for new car buyers.

Customer demand Consumer demand is a want for a specific product supported by an ability and willingness to pay for it.

Customer loyalty Feelings or attitudes that incline a customer either to return to a company, shop or outlet to purchase there again, or else to re-purchase a particular product, service or brand.

Customer need A need is a basic requirement that an individual wishes to satisfy.

Customer satisfaction The provision of goods or services which fulfil the customer’s expectations in terms of quality and service, in relation to price paid

Customer wants A want is a desire for a specific product or service to satisfy the underlying need.

HR Article

Personal Styles -- Time-Waster or Useful - Should You Join The MBTI Shuffle?

You can find them almost everywhere.  Myers-Briggs, Enneagrams,  leadership styles, learning styles, communication styles,  teaching styles, conflict management styles...all designed to  classify or label people so they can better understand themselves  and others.  More and more training vendors are using style  questionnaires as a basis for training and development.  The  question is:  are they really useful, or are they just fun  exercises akin to astrology?

Overview

Style questionnaires usually consist of a number of items.  Format may vary.  In some, you may be asked to choose one of two  activities (forced choice), while in others you may choose one  option from a set of four or five.  After you have completed all  of the questions, you tally up your scores to determine which  category of style is your most dominant. If it's a decision-  making/leadership style instrument, you may fall into one of the  following categories:  autocratic, consultative, participative or  laissez faire.  If it's a conflict management style instrument,  you may fall into the following:  avoider, confronter,  compromiser, or cooperator.  Generally, your results will give  you a "reading" of your preferred style, a secondary style, and  your least preferred style.

Advocates for the use of these kinds of instruments claim that  they will help you:

•  understand yourself better 
•  understand how other people see you  
•  develop style flexibility (eg. situational behaviour) 
•  understand others with different styles, and become more tolerant of stylistic differences 
•  build better teams

Marketing Glossary

Packaging

The activities of designing and producing the container or wrapper for a product

Penetration pricing

Penetration pricing involves the setting of lower, rather than higher prices in order to achieve a large, if not dominant market share

Penetration strategy

A marketing strategy based on low prices and extensive advertising to increase a product's market share. For penetration strategy to be effective the market will have to be large enough for the seller to be able to sustain low profit margins.

Personal selling

Oral communication with potential buyers of a product with the intention of making a sale. The personal selling may focus initially on developing a relationship with the potential buyer, but will always
ultimately end with an attempt to "close the sale